Stocks, Commodities Rally, Treasuries Drop on G-20, Retail Data

By Michael P. Regan and Rita Nazareth

October 14, 2011 at 9:02 PM UTC

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Stocks gained, extending the biggest weekly rally since July 2009, as the Group of 20 began talks to tame Europe’s debt crisis and U.S. retail sales and Google Inc.’s results beat estimates. Commodities rose and the euro completed the largest weekly advance versus the dollar since March 2009.

The MSCI All-Country World Index rose 1.4 percent, extending its weekly gain to 5.5 percent. The Standard & Poor’s 500 Index jumped 1.7 percent to 1,224.58, the highest level since Aug. 3. Google jumped 5.9 percent, rising a ninth straight day. Copper increased 3.1 percent as the S&P GSCI Index of materials climbed 2.4 percent today and 5.2 percent this week, its best advance of the year. Ten-year Treasury note yields rose six basis points to 2.25 percent. The euro was at $1.3881, up